Payments News » Use

NSW Looks to Facial Recognition As Opal Card Alternative

July 11 2019

“NSW transport minister Andrew Constance has raised the prospect of Sydney commuters one day ditching their physical Opal card and paying for public transport using just their face. In a speech to the Sydney Institute on Tuesday night, Constance said “frictionless transport payments” would become available on the public transport network “in the not too […]

Global

Samsung Pay in India Now Lets You Apply for Loans and Credit Cards

July 10 2019

in
India

“Samsung Pay has received a feature update in India, which allows users to apply for credit card and personal loans through Paisabazaar. The latter is India’s largest online marketplace and compare tool for loans, and its “Chance of Approval” predictive algorithm was introduced last December.”

Use

InstaRem Launches Platform That Allows Fintechs, Enterprises to Create Own Payment Cards

July 10 2019

“InstaRem, a cross-border payments and money transfer company in the Southeast Asian market, said it launched an API-based digital platform that allows fintechs, startup companies and enterprises to create their own branded cards, according to a press release..”

Use

This Clever New Service Auto-Cancels Your Free Trials

July 18 2019

“As of today, there is a more convenient way for you to cancel before ever being charged: a service called Free Trial Card. It’s available now through the app DoNotPay , created by 22-year-old wunderkind coder and entrepreneur Joshua Browder.”

Use

Latest Apple Pay Promotion Offers Free Fries at McDonald’s All Month

July 15 2019

in
Incentives

“Apple says that you can receive a free medium order of fries every Friday in July when you use Apple Pay in the McDonald’s app to place your order. The offer is valid with orders of $1 or more.”

Use

Uber Riders Now Earn Rewards for Shopping During Their Trip With New Cargo App

July 17 2019

in
Incentives

“This tie-up is a natural evolution for Uber’s business – the company hosts millions of riders every week, and many of those are taking relatively long trips to and from airports and other transit hubs, which provides ample opportunity to get them buying stuff or watching purchased content. Cargo, in which Uber has some equity […]

Use

IMF Warns Banks to Evolve or Be ‘Left Behind’ Amid Competition From Big Tech Firms

July 16 2019

in
Banking

“In a paper published Monday titled “The Rise of Digital Money,” IMF authors Tobias Adrian and Tommaso Mancini-Griffoli said the two most common forms of money today, cash and bank deposits, will “face tough competition and could even be surpassed.” But banks are “unlikely to disappear” as they face growing threats from big tech […]

Use

Octopus Coming Soon to iPhone and Apple Watch

July 15 2019

in
Transit payments

“Committed to providing innovative Octopus payment services to meet customers’ diverse payment needs, Octopus Cards Limited is excited to announce that customers will be able to use their Octopus on their iPhone or Apple Watch for transit and retail payment with Apple Pay later this year. More details will be shared soon.”

Use

Lime Looks to Hyperwallet to Facilitate Payments to Growing Scooter “Juicer” Force

July 10 2019

in
Push payment

“Hyperwallet , a PayPal service, announced today that it is handling outbound payments on behalf of Lime , a global scooter rental platform that brings easy and affordable urban mobility to people in over 100 cities around the world. Through a partnership with Hyperwallet, a leading global payouts provider to millions of independent workers, Lime […]

Use

Mastercard and Zoho Expand Access to Tools to Help Small Business Owners Around the World Thrive

July 11 2019

in
Accounting

“With Zoho’s platform, Mastercard is able to offer its small business customers access to a suite of marketing, accounting and CRM tools to automate and digitize time-intensive, paper-based processes. Scaling its existing partnership from India to the rest of the world, Mastercard and Zoho are enabling simpler business operations for SMBs globally.”